In CEX v CEY and another [2020] SGHC 100 (2010), a performance bond was called to pressurize a contractor to proceed and continue with work in circumstances which would have been illegal because the relevant permits had lapsed. The court granted an order to restrain the employer from calling on …
Continue readingTag: Performance Bond
Proving Actual Loss for Calls on Indemnity Bonds
In Chiu Teng Construction Co Pte Ltd v. AXA Insurance Pte Ltd [2020] SGHC 234, the High Court revisited the propositions relating to indemnity bonds set forth in JBE Properties Pte Ltd v. Gammon Pte Ltd [2011] 2 SLR 47 and York International Pte Ltd v. Voltas Ltd [2013] 3 …
Continue reading